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. this afternoon senate minority leader mitch mcconnell said he wasn't willing to offer the white house a blank check just because we're on the edge of the cliff. take a look. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> well, actually it's not a blank check the president has been pushing. and this isn't a partisan statement. look at the numbers in terms of what the public thinks about what the president ran on which is to raise taxes for people who make over $250,000 a year. 47% of the country basically agrees with that, which is what he said. only 13% raise taxes for everybody. they are the real conservatives. and fiscally hawkish i would say. and 35% say no tax increase. so americans tend to agree with the president. when you go back to this campaign, there are very few other
leader mitch mcconnel are working on a deal. he meet with them along with house speaker john boehner and house democratic leader nancy pelosi.at the white house for about an hour today. he said the meeting was good and constructive. but expressed his frustration for the american people with waiting until stories... >> america wonders why you cannot get things done in this town in an organized timetable. why does everything have to wait until the last minute? now, we are at the last minute. the american people are not going to have many patients for a self-inflicted wound to our economy. >> reporter: coming up at 5:30 we'll have more from the president. and our political analyst michael yaki will give us his take on today's developments. >> catherine: there's rain on the way this holiday weekend. this is a live look from our camera on mount tam. and a look at downtown san francisco. i'm here in the weather center with jacqueline bennet -- where is the wet weather? >> jacqueline: we are still getting some return on the radar but it is still too dry for the rain to hit the ground. it wi
the cliff. it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something done. if there is a solution agreed to buy political leaders it could take beyond the new year before it gets
americans' tax rates are scheduled to go up by law. >>reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation. >> we're going to do the best we can for the congresses we have and for the country that's waiting for us to make a decision. >>reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases, but the income threshold is not yet clear. the president and senate leaders are expressing optimism that they'll get the job done, but the president has a backup plan just in case. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote. >>reporter: that bear bones bill would preserve tax cuts for the middle class and extend unemployment benefits. it would also lay a foundation for a broader deal to c
obama, john boehner, nancy pelosi and harry reid, many mitch -- mitch mcconnell all in one room. danielle nottingham tells us it maybe the last chance to get any kind of agreement to avoid that fiscal cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would af
's tax rates are scheduled to go up by law. >> reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in hopes that we can come forward as early as sunday and have a recommendation. >> we're gonna do the best we can for the caucuses we have and the country that's waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases. but the income threshold is not yet clear. the president and senate leaders are expressing optimism that they'll get the job done. but the president has a backup plan just in case. >> if an agreement isn't reached in time, between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up- or-down vote. >> reporter: that bare bones bill would preserve tax cuts for the middle class and extend unemployment benefits. it would also lay a foundation for a broader deal to come. danielle nottin
of the gop and the senate. mitch mcconnell seems to be getting a little nervous about the rumblings around ashley judd's political intentions. >>> in 1823 one of the most famous versus of the holiday season was introduced. >>> nine days until we reach the edge of the fiscal cliff. what is going to be done about that? we will ask california congress woman coming up. hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain
's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours a
mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level of income, which is an absolute prerequisite for president obama. if they do not come to some kind of agreement, but that tax to be voted on -- and there is doubt that it is logistically possible before new year's day -- then the most immediate impact would be the
floor to address members of congress&so did mitch mcconnell. both men described the negotiations as positive and constructive and say the next 24 hours are critical. >> we are engaged in discussions. the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. so, we'll be working hard to see if we can get there in the next 24 hours. >> whatever we come up with is going to be imperfect. some people are not going like it, some people will like less, but that is where we are. and i feel confident that we have an obligation to do the best we can. >> reporter: as tom mentioned, just a few moments ago, we heard from the president, too, on his prospects for keeping the nation from plummeting off the fiscal cliff. >> if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an
more. mike, you just got new details 23r* mitch mcconnell. what are they? >> that's right. discussions have been taking place all day. both sides have been trading paper, ideas and that talks continue. we understand legislative staff will continue working into this evening. meanwhile, huer is a fair and balanced look at where things stand. >> i do think that something will happen over the next few days relative to the revenue piece. hopefully we can rescue most americans from a tax increase. but what we haven't dealt with again is the spending component. jay we just can't afford -- >> we just can't afford a politically self-inflicted wound to our economy. keeping it that way means folks you sent to washington have to do their jobs. the housing market is healing, but that could stall as folks are seeing smaller paychecks. >> with time running out, it sounds like conservatives may have to fight spending when raising the debt ceiling is the new fight in the new year. harris? >> mike, democrats say they know they need republican help to get this through. they are counting on a top republic
and spe speaker boehner had been discussing weeks ago and then senator mcconnell would agree that no republicans would block it in any way if he can promise that. he argues that he can't really make that promise but if e he could then speaker boehner would promise to bring it to a vote on the floor. all sides would shake hands and we'd have a deal before new year's. that seems highly unlikely. but that's what all sides are pushing for today. >> i think we can all agree that tax rates are the biggest sticking point. so what specific issues are your sources saying that they might actually address in this meeting today besides tax rates? could they talk about unemployment benefits, spending cuts, what's expected to come up today? >> this is the -- the specific details of the proposal could include in addition to tax rates, as you point out, an extension of unemployment benefits. the amt fix, the alternative minimum tax would be patched for another year. and medicare doctor payments, preventing pay cut s s to medic providers. and the question that republicans are asking is would
a bill unless mitch mcconnell allows it to come for a vote for a simple majority. they are seeking assurances that he won't try to block it. for his part he said it's up to the president to lead. unclear if anything is going to happen today. it's becoming more and more likely we will hit january 1st without a resolution. >> peter, obviously the president gets back a little bit from now. what are we hearing about their strategy? we have that very effective bully pulpit? >> it's a good question. the president is supposed to arrive a couple hours from now. 72 degrees for honolulu. better hope he brings sunshine back with him. the real challenge is when he gets here, there is barely 100 hours before the headline hits. he said a short time ago describing their strategy and it remains not too dissimilar. it's not whether we can get a deal done or not. whether mcconnell will filibuster such a deal and will boehner allow a vote. the strategy he indicated moments ago. that doesn't look like good news with the frosty exchange of statements between house speaker boehner yesterday and majority
? does he blink obama's plan to the floor or try to work with mcconnell in this 11th hour. you will have a tough vote for many house republicans. if that level is at 250 and it includes unemployment, make it so republicans may not. >> joy, do you think we have a deal? >> you know, ill'm still very dubious. but if there is a deal, it will be with a majority of democrats in the house and there's a political risk for boehner in that. >> thank you. you've been watching "hardball." we'll be back in one hour with an all-new live edition. until then, "politics nation" starts rite now. >> thanks, richard. thanks to you for tuning in. breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this t
. that failed. the focus shifts to the senate. reid and mcconnell will really be charged with trying to hammer out the fine details of that deal that can make it through the senate and through the house so that is the challenge moving forward. of course, president obama here in hawaii for his christmas cray case. he played some golf over the weekend. also, attended the memorial service for the late senator daniel inouye. thomas, on a much lighter note, he asked me had i taken my flip flops out last hour. i hadn't but i did since my work is wrapping up for you guys, flip flops are out and i'm ready to join those folks on the beach behind me. >> i'm very proud of you. i don't want to jinx this by talking about when you might have to pack but is there potential that the president may wrap up the vacation a little bit earlier than expected because of, say, harry reid and mitch mcconnell are able to work something out? >> reporter: i think that that is very likely. you heard president obama sort of signal that he's going to do that when he spoke on friday. he talked about the fact he'll be seeing e
minority leader mitch mcconnell. harry reid and nancy pelosi were there. steve chenevey live on capitol hill right now. >> that meeting at the white house lasted just a little more than an hour. they started at 3:10 and were done by 4:15. no major decisions were made. president, reportedly telling congressional leadership, if you do not have a better plan than i do by now, we need to get to voting on my plan. the clock is still ticking in advance of monday night's deadline. frustration being felt not just inside the capitol, but i constituents outside as well. >> i am a little worried about the future as well, for my kids mostly. >> it is a popular thought outside the capital. >> there is an understandable frustration. >> chris van hull and is hopeful a deal can be reached by tuesday, although it will likely be a smaller deal that addresses only the major parts of the fiscal cliff from taking effect. >> we have got to get on a larger agreement, to make sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may n
mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea that senators need to get busy. so let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> so jessica, you were in the room for the president's remarks. on a scale of 1 to 10, let's measure the anger perhaps that
with the speaker and mix mcconnel and harry reid to see if they can avoid going off the fiscal curb on january 1st. today harry reid emphasized that there is ome one reason why they are unable to reach an agreement so far. >> this has been going on for years. they cannot cross over the threshold. people are not propose iing mak the taxes like them. john boehner could not even pass the tax proposal he passed over there. he said no, can't do that. didn't he bring it up for a vote? >> tonight, speaker boehner's office put out this statement. >> joining me now are our guests. clearly the positioning game continues. harry reid saying we did our job months ago. do you think we til would be@posturing stage at the end of that white house meeting tomorrow? >> in your introduction you made the fundamental point here which is that this agreement before the end of the year, simply cannot go forward unless john by nor is willing to let it do so with majority democrats in the house. if we go over the curve as you put it, they can vote for a large tax decrease becaused off of the new rates that would be reset. t
. >> reporter: for the first time, republican leader mitch mcconnell described himself as hopeful and optimistic. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference, and the majority leader can make to his conference. >> reporter: the progress came as members on both sides were growing doubtful congress could get anything done before the deadline. nebraska democrat ben kesselon: >> if we don't have a deal within the next 24 hours, the question is, where do you buy a parachute? it looks like we'd be going over the cliff. >> reporter: but leader reid had this warning about the shape of a deal to come. >> everybody, whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. >> reporter: up until now, reid and mcconnell have kind of been sitting on the sidelines as the president and speaker boehner tried but failed to
to the plate and kick start negotiations? i mean, what about senate minority leader mitch mcconnell? >> well, the thing at this point -- and i'm told by sources -- is that there really are no negotiations going on between senator mitch mcconnell, the republican leader in the senate and senate majority leader harry reid who is actually in hawaii today for the funeral of daniel inouye and is on his way back to washington. it would really come down to the senate doing something. the way democrats see it, there's a possibility that senator mcconnell might allow this bill that i mentioned that already passed in july with the threshold for tax hikes being at the $250,000 level, that he might sort of allow democrats to say okay, the house has to take this or if there is some sort of vote on another measure that while mitch mcconnell would be unlikely to personally support it, perhaps he might let some of his republican senators do that. now, this is sort of thinking coming from democrats. this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fac
for very long, it seems. he left in the last hour. also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of these kind of closed-door planning meetings. he said they've been here since 9:00 a.m. they plan to work all day and we may see his boss, senator mcconnell, later today. that shows us kind of where things stand. i wanted to break this down simply because there's so much that complicates the story. let's look really quickly at a graphic of the basics, what's happening right now. here's where we stand with the fiscal cliff. first of all, who's doing the negotiating? ice the top two senators, senator reid for the democrats, senator mcconnell for the republican, and it is their staff who are working out details right now. what are they talking about? mainly trying to find a way to avoid those tax hikes for most americans. that could also include an extension of unemployment benefits. what is unclear is whether other things such as budget cuts eliminating that sequester that's coming up or other things will be in that deal
as senator reid and his opposite number, minority leader mitch mcconnell. but today, mcconnell gave no indication of movement. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: adding to the urgency, treasury secretary timothy geithner warned he'll have to begin taking "extraordinary measures" to postpone a government default. the government is on track to hit its borrowing limit on monday, he said with no prospect of congressional action to raise the limit. here now to help us unravel what's going on is todd zwillich. he's washington correspondent for "the takeaway" on public radio international. todd, welcome back. decode this for us. are the players privately as bleak about the prospects as their public statement suggests? >> not as bleak, margaret, but bleak
the focus shifts to the senate. senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's travel plans at this point in time. the reality is i think the president is himself trying to figure out what he is going to do, but we do expect that he will cut his vacation short. you've heard the president hi
by senate leaders, senate majority leader harry reid or senate minority leader mitch mcconnell will continue to work out a proposal from what the president laid out earlier today which as we reported earlier was essentially a smaller version of what the white house has wanted all along, only dealing with tax rates specifically, keeping taxes where they are for families earning less than $250,000 a year, and an extension of unemployment benefits. now it goes back to senate leaders. over the next 24 hours they will try to craft a proposal that can pass both houses of congress. the senate will not be in tomorrow. so congressional leaders can focus on work on the fiscal cliff. some of the buzz around washington has been, if you look at what could possibly pass the house and senate, you're looking at perhaps an income threshold of about four to $500,000 a year, maybe less, to prevent those taxpayers, those amounts from having to pay additional taxes or watching their taxes go up. some of the other proposals on employment insurance. the doc fix, preventing doctors from getting a massive pay cut at
, was senator mitch mcconnell and here we have the majority leader in the senate, harry reid. let's listen in for a second. >> the house has reported by the press and we all know, one of the plans didn't have a name, it wasn't plan b. i don't know which plan it was because they've had a number over there. but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it would have passed. they wanted to kill it. the speaker wanted to show everybody that it wouldn't pass the house. but he couldn't bring it up for vote because it wouldn't pass. republicans -- a myriad of republicans think it's the fair thing to do and of course every democrat would vote for that. the republican leader finds himself frustrated that the president has called on him to help address the fiscal cliff. he's upset because, quote, the phone never rang. he complains that i have not passed the resolution to pass the fiscal cliff but he's in error. we all know that in july of this year we passed in the senate the relief that wo
few months, it has largely banned mitch mcconnell and harry reid who have trumped up something toward the end to avert shutdowns and the like. they together have averted a tax hike last december. it is an interesting fact that the senate, even though it is normally seen as the body that cannot get anything done, it has more bipartisanship right now, and there is more of an incentive for the senators to try to get something done. house members are more polarized. they are worried more about primaries than general elections. the best case scenario here is that the senate does craft a compromise that both parties can live with, and it is take it or leave it to the house right up until the deadline, and you figure enough democrats and republicans come together to send it across to the white house. >> stephen dennis, thank you so much for your time. >> absolutely. >> here are president obama's remarks from the white house earlier today. afterwards, we will hear from senators reid and mcconnell from the senate floor. [captions copyright national cable satellite corp. 2012] [captioning perfo
mcconnell, who will join his colleagues later today at the white house. [video clip] >> i told the president last night we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. republicans are not about to write a blank check or anything senate democrats before or just because we find ourselves at the edge of the cliff. that would not be fair to the american people. that said, we will see what the president has to propose. members on both sides will review it. then we will decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a preventable economic crisis. host: damian paletta. guest: senator mcconnell is a pro at this kind of negotiation. he's going into this white house meeting saying, give us your proposal, let us see what you want to do, we will be willing to look at whatever you present. the potential problem is what the white house will present is something they are presented before that senator mcconnell has s
cliff deal. and is it mitch mcconnell to the rescue. live in washington on the 11th hour negotiations. >> and did you know about to fall off the dairy cliff? >> juliet: have you seen the prices? >> dave: as high as 8 bucks a gallon for milk. >> clayton: oak ridge boys bush. special number tribute for number 41. "fox & friends" begins right now. >> am i wrong about that don't the have a deep voice? ♪ >> oak ridge boys have been on this show many times on "fox & friends." >> good morning, everyone. >> dave: good morning. juliet huddy celebrating an early new year's eve. is it new year's eve? >> juliet: sparkly shoes and everything. i feel like we are waking up at 4:00 in the morning on saturday i better be festive. >> clayton: that's what woke me up this morning. >> juliet: this is a beautiful set it has inspired me. >> dave: it's spectacular. >> juliet: it is. >> dave: it's fiscal cliff time. couple of days away. rare i wake up and say i'm moderately optimistic but that's what the president said. you are either optimistic or you are not. the president said he is modestly optimistic a
senator mcconnell decides whether to filibuster the measure and whether the other republicans in the party will filibuster, they have to see the details in the proposal. will there be an estate tax provision? how will unemployment which is expected to be extended? will it be paid for? what spending measures will be in this and spending cuts, etc. there will be more details spelled out and where will that come from? will it come from a phone call and staff here at the white house and spelled out by the staff of the senate majority leader harry reid. all that was is yet to be determined. perhaps senator connell's office believes it will come from different sources and there is a lot of potential for confusion with such little time left and so much pressure on the line. dana might have more information. >> a lot of -- if this happens that happens. you are right. hey, dana,y want to go to you. across the wire the house may be coming back into session on sunday, but do we know, is there movement towards getting there? is that confirmed? >> yes, we have it confirmed. i apologize. there is a conf
. it is up to the senate to do something. you have senate minority leader mitch mcconnell, the republican saying it is up to the democrats to do something. we'll not do anything until president obama and the democrats come up with a plan and president obama actually late yesterday did call all four leaders, majority, minority leaders in the house and senate that includes mitch mcconnell and said the first time a democrat called him since thanksgiving to talk about this. so they're talking but there is no indication anybody is actually doing anything right now. gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose them. what are you hearing? >> right. he sounded pretty pessimistic this morning but that could change and there's, kind of a fight, procedurally between the house and the senate in a sense that if reid originates
leader mitch mcconnell where he's able to succeed where congressman boehner was not, able to unify the republican party so they can take a vote so the senate and white house negotiate and. >> kelly. >> and to the point and avoid the fiscal cliff. >> kelly: but to mark's point, angela, senator mitch mcconnell is known for having good brinksmanship and getting it deal done. >> we're on the brink. >> that's what i said earlier in the interview, we're going to get a deal done, it's going to be because of mitch mcconnell and boehner working with the democrats that we don't go over the fiscal cliff, however, republicans are going to have to acquiesce, we will have some tax hikes, i think probably 750,000 and above i think that's the number, but what republicans are holding back the debt ceiling debate and cutti cutti cutting entitlement programs and they're going to use that later in the year. >> kelly: mark, the final word. >> if angela's prediction sort of come through-- and i hope it does, the republicans and senate negotiate, and republicans and congress will be responsible for the l
about our current leaders. there are contrast. senator reed and senator mcconnell did not create the hyper partisan senate. they inherited it, basically. they certainly have not done anything to reverse the situation. instead it has gotten worse. i think senator mcconnell really bears if this special -- the special responsibility. he is the architect and the symbol of a policy of absolute attraction -- obstruction. the structure and began at the beginning -- the obstruction began at the beginning of president obama's presidency. it is utterly impossible for me to conceive of senate leaders that i grew up with being as different as it can be from howard baker or any of the great leaders. i think it is contrary to the way that the senate worked when it worked at its best. the senate is supposed to be the national media aretor. that is a place where the parties come together and reconcile and not inflame differences. it does not work that way at all in the past -- in a long period of time. the frustration i have the senator mcconnell is number one, he deepened the problem. he has dr
leader in the senate, it's up to you to fix this. what is senator reid's next move should mitch mcconnell get into this? how does this play out? >> candy, in the aftermath of house republicans rejecting speaker boehner's so-called plan b, it's the first time i feel it's more likely that will go over the cliff than not. if we allow that to happen, it will be the most colossal consequenceal act of congressional irresponsibility in a long time. maybe ever in american history, because of the impact it will have on almost every american. taxes up, programs cut probably sending us back into a recession. the ball is now clearly with the senate. senator reid and senator mcconnell have the ability to put this together again and pass something. it won't be a big, grand bargain to take care of the total debt, but they can do some things that will avoid the worst consequences going over the fiscal cliff. i've talked to a lot of republican colleagues in the senate who are favorably incl e inclined toward the idea it to protect the middle class from the tax cuts. let's raise taxes on people over 250,0
be a protest vote and make him go to a second ballot. also mitch mcconnell doesn't want his fingerprints on this because he doesn't want to be primaried. so you have these sort of -- shall we say, the lack of courage or ziesh to move on this from mcconnell and boehner, it's directly tied to prospects to serve in current jobs. it's a fascinating subplot. >> i want to pick up on that on something jared was starting to say. some degree we're playing a bit of a game of semantics here. because there's some calculation that the republicans say we go over the cliff and then technically we can be seen as not voting to increase taxes, but we can be seen as voting for cutting taxes once the sort of -- we go over the cliff and we're on the other side of it. am i right about that? >> yeah. it's a very cynical ploy. the idea of the tax automatically reset for everybody. they can say i didn't vote for that. they all go up. and then they can vote to lower taxes for the $250,000 and below households. that's 98% of households. that's a -- that's something like a -- you know, a multi -- that's something l
leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called to do. this is 112th congress. we have had two years to deal with quote the fiscal cliff. >> let's bring in our man at the white house, peter alexander standing by. pete, we just got word the president it appears is making some sort of smaller offer at th
we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but, if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation of more economic growth and deficit reduction. guys, i can hear you over here. i believe such proposal could pass both houses with bipartisan majorities, as long as those leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. that is the way this is supposed to work. if can you get a majority in the house, then can you get a majority in the senate, then we should be able to pass a bill. so the american people are watching what we do here. obviously their patience is already thin
automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >> certainly and he's been talking with the speaker all along. i think he's basically saying the house is really at an impasse. i don't think they can pass it on their own, but if there's a bipartisan deal that senate republicans and senate democrats can pass, the speaker's office indicated they may bring it up in the house even if they only get 1/3 or 1/2 of the republicans, if there are enough democrats, it can pass in the house. that's really been the problem. the speaker wants to bring a bill and get the majority. >> jack, let me ask you, one of the complaints we've heard is that speaker boehner has a policy he does not bring a
. senators reith and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job and lays the groundwork for future cooperation on more economic growth and definite at this time reduction. guys, i can hear you over here. as long as those leader allow it to actually come to a vote. if members of the house or the in a want to vote no, they can. but we should let everybody vote. that's the way this is supposed to work. if you can get a majority in the house and get a majority in the senate, we should be able to pass a bill. so the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason you can't get stuff done in an organized timetable. why ev
still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote. one that protects the middle class from an income class hike. one that extends it to 2 million americans looking for a job and lays the groundwork for more economic growth and debt reduction. >> that leads to the insistent park, asking reith who control the senate agenda and has a majority to pass things gets you most of the way through the senate. clearly the president wants mcconnell and the republicans not to filibuster and to be a senate vote, which leads to the most insistent part, the president basically pointing the finger at house speaker john boehner who controls the house and could refuse a vote even if this obama-friendly package passes the senate. he's saying to house republicans, you better let us get not what you want, but something where we can reass
to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep bori
reid and mcconnell, they just met, but now they're saying, it wasn't about the fiscal cliff. what else is there to talk about? >> reporter: no. i think we know exactly what their new year's eve plans will be, we're going to be right here. senator reid himself said that they did not discuss that. and it seems to be that that is an indication, at least to republicans here on capitol hill, that it is the president's move next to make more clear what jessica is talking about. that the president has said publicly, he wants to do as kind of that stopgap, scaled down version. in fact, mitch mcconnell himself said in the hallway, just moments ago, that he does expect to go to the white house, as jessica just alluded to. he expects to do that tomorrow. they haven't gotten a formal invitation tomorrow. there's no time set for this meeting tomorrow, but mitch mcconnell says he does expect to go. and so that really does speak to the next move, tomorrow. >> well, that is good news. that is good news, senator mcconnell going to the white house tomorrow, hopefully. but i'm going to ask you about the
pelosi, mrs. bush, leader reed, leader mcconnell, secretary of state hillary clinton and my colleagues in government, this is a special day to honor a special person in a special place. for many years, i have followed the tragedies and victories of this uncommonly courageous and persistent woman. in 1988, she quickly rose to be the voice of democracy in burma, creating the national league for democracy. elections followed in 1990, where her party won 80% of the seats. that joy quickly turned to tragedy. the military junta nullified the election and arrested aung san suu kyi. she would spend the better part of two decades under house arrest, unable even to visit her dying husband. in 1996, i recall being approached to sponsor a burma sanctions bill. sanctions were put in place in 1997 andsanctions were only loosened in july of this year. senator mcconnell later became one of aung san suu kyi's chief advocates in the senate and we continued to work on behalf of the people in burma. in 2003, following an assassination attempt, senator mcconnell and i worked to pass an important and that r
the senate's democratic majority leader harry reid and republican minority leader mitch mcconnell offered their takes on the meeting. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader, myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. and so we'll be working hard to try to see if we can get there in the next 24 hours. and so i'm hopeful and optimistic. >> whatever we come up with is going to be imperfect. some people aren't going to like it. some people will like it less. but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear. >> brown: house speaker john boehner aides said if the senate passes a bill the house will take it up and either accept or amend it and a short time ago president obama appeared in the white house briefing room with a statement. here is some of what he said. >> we had a constructive meeting today. senator
get past this fiscal cliff, boehner and mitch mcconnell have made it clear the president wants a debt ceiling increase of any amount, like $1 trillion, he has to find $1 trillion in savings. >> well, according to corker and alexander, this is $1 trillion in savings from the medicare program if you do what they are suggesting here. >> all from spending, i hope? >> that's what they are saying. >> if it's all from spending, that's something we could do as part of the debt ceiling. that -- that's a fine suggestion. it -- it just shouldn't be confused with the present mess this week. >> but, they are adding this to the conversation if -- i mean, obviously we're not going to get something comprehensive before december 31, but as the talks continue, assuming they do into january, maybe even longer as we get closer to the debt ceiling, is this a kind of a compromise that you can accept on the other side? >> yes. it is very clear that boehner and mitch mcconnell have made clear, if the president wants a dollar of debt ceiling increase, we need to cut spending a dollar, and that goes for $1 tri
mcconnell insists he's not going to be the one to blink first. >> we're coming up on a hard deadline. this is a conversation we should have had months ago and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> tax hikes remain at the center of the stand-off. what is the dividing line between those gets those tax breaks extended and those who do not. they're holding out hope for an 11-hour deal. hardly the first time that washington has pushed things to the edge. >> i actually think there's still a chance to get something done. so, you know, these deals usually come together at the last moment. >> why are you cautiously optimistic when it seems everyone else is saying we're going to go over the cliff? >> well, to paraphrase ronald reagan, there's so much manure around here there has to be a pony around here. no one wants tax hikes on 98% of the american people. >>> the president faces a potential default in the coming months unless the debt ceiling is raised again. a mo >> it's somewhat
the senate has voted. possible new year's eve a vote on monday. mitch mcconnell went to the senate floor and said his hopeful and optimistic. those are two words we have not heard much of in the past couple of weeks. everyone hoping there will be a deal before january 1. rebecca cooper, abc 7 news. >> we will continue to follow the fiscal cliff negotiations and any new developments to come. for more coverage, what world news but here tonight at 6:30. >> charges pending against three people involved a police case that ended with a crash in southeast d.c. today. d.c. police said the suspect stole a car in landover and allegedly stole items from cars and other locations. a police chase followed, and the suspect fled in a stolen car. the driver lost control, hit another car and slanted to a metro bus near the intersection of wheeler and southern have occurred. several people were injured in the crash. all three suspects are now in police custody. two man charged with brutally beating a man near eastern markets last august have pleaded not guilty. the co two are demanding a jury trial and wil
harry reid, and senate minority leader mitch mcconnell. potential deal. "reeubllccns are not about to write a bbank check for anything the senate democrats put forward.""i'm happy to work with thee anyway that i &pcan but the way things havee been going, it's not a good escape hatch that we have." &pobama is expected to comment 45. weell bring you that live... ii jjst ten minutes the cost of living in 2013 could soon go up. a up to 8-dollars. - p crystal haynes explains why the price could soon double. doublee kristen bianculli s a busy mom of two. herrgirls and husband--bianculli ssyss "yep. they drink a lot of mmlk."" ...and wwth the current cost of milk sse's like most moms...she shhps the &psales. bianculli says: "it's you know, it's ggne and you're - likk 'oh the onns that are on sale are gonn!'" but come january fiist the price of her family's precious &ppallon ould almosttdoublee of the currrnt agriculture te - bill and a dairy subsidy. without a plan in place...experts sayythe called dairy cllff...and the gove
by phone yesterday. senator mcconnell says he would be happy to look for to any proposal from the president. >> economists have warned that failure to address the fiscal cliff could send our country back into recession. maryland live! casino now open 24-7. before they closed at 2:00 a.m. and 4:00 a.m. on friday and saturday. but this morning the anne arundel location , that stores for the very last time. >> they unlocked at 8:00 and there was a waiting line to get in. this is all early buzz for the 24-hour operation. before now, the casino had to close its doors, but not any more. and adult beverages here are now sold around-the-clock. >> 24 hours a day -- all day long, all night long, all year long. we are pretty excited about that. >> i think it is great. it will bring more revenue into the stage. i think it is win-win. >> i think it is great. it makes it more like vegas. >> this comes before a big night of the year for the entertainment industry -- new year's eve. maryland live! expects to do well on its own and to draw crowds from nearby bars and restaurants that have to close early. >>
minority leader miich mcconnell and houue &psppaker john bbehner. they have only our days to reach an agreement... or the u-s economy will go over thee so-called "fiscal cllff." that's when automattc tax increasse and ssendinngcuts would take effect. reaching a deal beeooe then on't be easy. becauseeright now, both high-stakes political blame game. we are here in washingtonnworking while the members of the house of reeresentatives are out watching movies and watching the kids play soccerrand bbsketball and doing all kinds oo things. they should be here. i told the prreident i'd beehappy to look at whateeer he proposes but the truth is we're coming up against a hardd &pthis is a conversation we &pbbsh-era tax cuts to everyonne except those americans making year. many republicans rrmain - against any tax incceases. most americans just wann sommthing to be done. ppople are just tired of everyone to come together. if lawmmkers don't reach a deal by jaauary 1st, many econnnmists are oncerned it couud eventually leed to anotherrrecessionn i'm ed payne reporting. supreme coort ustice
be able to reach an agreement that can pass both houses in time. senators reed and mcconnell are working on such an agreement as we speak. but, if an agreement isn't reached in time, between senator reid and senator mcconnell, then i will urge senator reid to bring it to floor a basic package for an up or down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. guys, i can hear you over there. i believe such proposal could pass both houses with bipartisan majorities as long as those leaders allow to the actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. that's the way this is supposed to work. if you can get a majority in the house and you can get a majority in the senate then we should be able to pass the bill. the american people are watching what we do. obviously their patience is already thin. this is deja vu all
and mitch mcconnell say they're confident they can find a compromise, but then they have to sell it to john painter and his fellow republicans before -- to don banner -- john painter and his fellow republicans before the deadline. >> he has called them back for a rare saturday session. this sunday, president obama will be the exclusive guest on "meet the press. you can catch the interview right here tomorrow at 10:00 a.m.. >> the third winner storm of the week came in without much of a bang for most folks. in pennsylvania, it brought snow and high wind. they expect to get up to 8 inches of snow by tomorrow morning. driving confessions -- conditions are so hazardous they have set a 45-mile an hour speed limit on the turnpike. we are fortunate not to see those kind of conditions here. >> many people we talked to are wondering what happened to all of this note from earlier today. as you can see, it is gone. the snow took it time to commend to the area. when it finally arrived, it did not stick around long. take a look at kids having a good time playing in this note earlier today. the first sig
and constructive conversation. he also said mitch mcconnell and harry reid are currently working on a bipartisan agreement to avoid the fiscal cliff. again a reminder, on january 1st, a package of across-the- board spending cuts and tax increases go into effect. the president also issued an ultimatum saying if no bipartisan agreement can be reached, he will ask them to bring it package to the floor for an up or down vote. why does everyone have to wait until the last minute? he called this a self-inflicted political wounds. it is because they could not reach a deal earlier this year. we will have more tonight at 11. now we will lighten the mood a little bit here to talk about the soft shell crab sandwich. that's quite a sad way. it may become the first state sandwich. -- that's quite a segue. in 2008, they pass legislation to make the multi layered cake our state dessert. >> i like the sandwich. indicative ordered to -- an executive order aimed at minimizing damage to new and restructed buildings. they will need to be 2 feet higher than the 100-year flood level. >> i do not want to be controvers
majority leader harry reid and mitch mcconnell on the senate floor. first, an update on where negotiations stand after the meeting between president and congressional leaders at the white house. >> steven dennis joins us from the role call as a white house reporter. stephen, how did the meeting between the president and congressional leaders go? >> i think it was a meeting where they may be set the framework for getting a short- term deal to avert tax increases for most americans, extend unemployment benefits, and maybe take care of a few other small things. at this point, it is a race against the clock and it is up to harry reid and mitch mcconnell and the senate to see if they can have a bipartisan compromise. the president said if he cannot come up with something in the next couple days, he wants harry reid to bring a bill to the floor that would do with the president wants to do, which is tax increases, extend unemployment benefits, etcetera, at least get a vote on it. harry reid has announced that he will prepare that bill and in the meantime he is trying to reach agreement with mccon
: there are signs of progress. mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest in our factories. >> reporter: and across the country all the political bickering had people o
leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached
to negotiate. we have not heard a word from leader mcconnell. nothing is happening. >> reporter: mitch mcconnell, the top republican in the senate, said it's reid who hasn't reached out for weeks. >> the phone never rang. and so now here we are, five days from the new year, and we might finally start talking. >> reporter: but talking about what? so far, reid has not introduced the scaled-down bill he was reportedly working on over the christmas holiday. sources say that bill would extend the bush-era tax cuts for americans making less than $250,000 a year. with the clock ticking, reid pointed a finger at the house of representatives, which still hasn't returned to washington. >> i can't imagine their consciences. they're out wherever they are around the country, and we're here trying to get something done. >> reporter: from his home in ohio, speaker boehner called on the house to come back this sunday, december 30. that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless
days left now and still no deal. tonight, senators mitch mcconnell and harry reid are talking about a potential compromise to avoid the fiscal cliff. mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no deal, taxes will go up next week for most americans. there will be sharp spending cuts and 2 million people will lose their extended unemployment benefits. >>> on "meet the press" this sunday, president obama will sit down for an exclusive interview with david gregory as the fiscal cliff deadline approaches. watch the interview this sunday morning at 10:30 here on nbc 4. >>> a huge turnout at the what's called the nation's gun show in shantilly, virginia, today. thous
mcconnell. they're working on a mini-deal that would prevent a tax increase for roughly 98% of american workers. extend unemployment benefits that are set to expire for some 2 million people. what took so long? >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> reporter: the 11th-hour effort to get a deal comes after the president met with the congressional leaders at the white house. his first such meeting in six weeks. even if mcconnell and reid come to an agreement, there's no certainty it will pass before the end of the year. the agreement represents what the president says is the bare minimums. extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paychecks, starting in january, where the temporary 2% payroll tax cut is set to expire. don't assume there will be a mini-deal, a source
afternoon and senate republican leader mitch mcconnell responded. take a listen. >> speaker boehner should call members of the house back to washington today. he shouldn't have let them two in fact. they're not here. they're not here. john boehner seeps to care more about keeping his speakership than about keeping the nation on firm financial footing. >> reporter: there have been all eyes on senator mitch mcconnell, the republican leader, the counterpart to harry reid because he has been pretty quiet early on in the negotiations. was defering speaker boehner to give the republican side. after hearing senator reid yesterday, senator mcconnell fired back. take a listen. >> we're coming up against a hard deadline here and i said, this is a conversation we should had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: now senator mcconnell also said he was disappointed because when he got a call from the president two nights ago right before the president left hawaii to c
and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi
. this is spokesperson from senator mitch mcconnell's office. last night the president called senator mcconnell, the first democrat to do so on the fiscal cliff since thanksgiving and other leaders to talk about the need for the senate to act. the leader is happy to review what the president has in mind but to date the senate democrat majority has not put forward a plan. when they do members on both sides of the aisle will review the legislation and make decisions on how to best proceed, end quote. this is a serious back and forth. let's get some perspective. chief congressional correspondent mike emanuel is live for us in washington. a short time ago, another key lawmaker did not sound very optimistic, mike. >> reporter: harris, you would be right. that would be senate majority leader harry reid. seemed kind of irritated that house republicans and all house members are not here in washington trying to work out a deal on the fiscal cliff. here is more from leader reid a short time ago. >> if we go over the cliff and it looks like that's where we're headed, mr. president, the house of representa
listen to senate republican leader mitch mcconnell he basically said yesterday when he got a phone call from the president two nights ago it was the first time he heard from a democrat about the fiscal cliff negotiations, whether the president, senator reid or others in about a month, around thanksgiving. with the democrats not reaching out to senator mcconnell for a month, doesn't seem like they have been pushing very hard for a deal, gregg. gregg: has the bickering between reid and boehner sort of poisoned the negotiations past the point that, you know, maybe this meeting will help at all? >> reporter: it may have because it's really, we've seen tensions escalate ever since before christmas when john boehner was not able to get a deal through the house where he has a very strong republican majority. he had a rebellion amongst some of his fellow conservatives. that is what held it up. senator harry reid as you say was very rough going directly after boehner yesterday. take a listen. >> the american people i don't think understand the house of representatives is operating without the ho
of senator mitch mcconnell? guest: the line that comes from the speakers office all the time is the line of communication remain open. i don't know how much talking they did as the president was in hawaii spending time with his family and the speaker was back home in ohio, i believe. i don't know that for sure. everyone was doing their family time and not really working that significantly on something. i think there was probably some minimal conversation, but not a lot. as for the senate minority leader mitch mcconnell, i think that is a good one. a lot has been made in the past few days about him taking a higher profile role in these negotiations. while i don't like prognosticating into the future, we can look at the past in some of the previous negotiations of congress and the kind of role he has played. almost all of these talks, whether it was about government shutdown in the spring of 2011 or the debt limit debate in the summer of 2011 or the payroll tax-cut debate last year, those negotiations started at a level between the president and speaker but always broke down at that level
on the senate to broker a deal for the fiscal cliff. >> senator reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends unemployment to the 2 million americans looking for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator harry reid says he's readying a bill for a vote by monday. all this follows a rare face-to-face closed door meeting at the white house today between all the key players, the president, the vice president, the treasury secretary and all four congressional leaders huddled together with just four days to go before we all go overs fiscal cliff. that meeting lasted for an hour and five minutes. on a story where every second and every maneuver counts, let's get chief to white house correspondent jessica yellin. jessica, the president says he's modestly optimist be
. take a look at mitch mcconnell and harry reid just this afternoon. >> you'll excuse me if i'm a little frustrated at the situation. >> republican leader finds himself frustrated. >> i say i'm frustrated because we have been asking the president and the democrats to work with us. >> he complains i have not delivered the votes to pass the solution to the fiscal cliff. he's in error. >> i told the president i would be happy to look at whatever he opposes. >> he's upset because, quote, the phone never rang. >> as i said, this is a conversation we should have had months ago. >> we have nobody to work with, compromise. >> republicans aren't about to write a blank check. >> we can't negotiate with ourselves. that's all we're doing. >> we don't have many days left. >> we're in the same situation we have been in for a long time. >> as you can see, senate is back in session today. the house plans to be back on sunday. more now on the breaking news. senior congressional correspondent dana bash joins us now from capitol hill. jessica yellen on the north lawn tonight. dana, i'll start with you. you
is that the president basically told john boehner and mitch mcconnell the republican leaders in the room here for this meeting that he wants an up or down vote on his scaled back bill to try to avoid this fiscal cliff. and he basically turned on them and said so what's your response? what's your move? the next move is yours. and then i'm told that mitch mcconnell and harry reid, the democratic leader in the senate jumped in before john boehner really got a chance to fully respond and say, look, we will take the ball and try to pass a bipartisan bill in the senate. the president responded by saying i will give you a day or two but we're running out of time. if you don't get it done in the senate. i want an up or down vote. then he came out and addressed reporters in the briefing room it is clear that the president is only cautiously optimistic that this is going to take a look. take a listen. >> it if there are disagreements they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. it needs to stop. i'm moderately optimistic t
in both houses. the only thing that would prevent it is if speaker mcconnell and speaker boehner don't cooperate. do you think mcconnell and boehner are in the mood to cooperate with president obama? >> i do believe they're in a mood to cooperate. they've talked -- and speaker boehner's talked for a long time about a grand bargain, about a big deal, about trying to find some major solution going forward. but the senate hasn't acted on anything, so i think we have to be careful on just placing the blame on mcconnell or boehner. without adding in to this mix, senator harry reid who is running the senate and have failed to act on anything yet. >> will you support whatever short-term deal the republican leadership supports? >> i don't know what i'm going to support yet until i see it. the previous congressman you had on, raul, interesting enough, his office is right next to mine in longworth. the fact of the matter is we're going to have to find a place to come together. that the president has offered a 7% solution for a 100% problem. i was struck by the fact that not a single democrat s
. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to be no sense of urgency on either side? >> am i amazed, given what we went through with the debt ceiling, no, i'm not amazed. i think there are forces here in this town that would like for us, sure people would like for there to be a deal, but going over the cliff on january 1st when there's this notion where it's not really a cliff, it's a slope, it's a curb depending who you talk to, that you can repair the damage if you get a deal done, you know, a few days after january 3rd. i think people feel like they can slow walk. as we saw last week when plan b failed, you know, speaker boehner said it's up to the white house and the democrats to come up with a deal. >> washing my hands with it. what's interesting is what you just touched on, conventional wisdom has grown now to it's a cliff, it's a cliff, we can't go off it, to we're okay for two to three weeks afterwards, the treasury can stay in place. do you t
. senate majority leader mitch mcconnell is saying this is the first contact he's had from a democrat since thanksgiving. you need unanimous continue sent for a lot of things to happen. >> and we're now hearing that the white house is denying there's a new plan from the president. so the white house and harry reid are both denying scott brown and gopas about this new physical cliff plan which puts us back to square one. you tackled this issue of john boehner's control over his conference. in a really interesting way. you basically said he's a substitute teacher in the sense that even when he disciplines folks like holtzcamp who were insubordinate and ripped them of committee assignments, the whole episode gave boehner the feel of a substitute teacher who is accountable for what happened in the classroom but isn't really in control of the kids. so these guys deny him and yet he doesn't have control of them at the end. >> it's a handful of guys, maybe as many as 20, 30, something like that who basically are completely uncontrollable for boehner. it is a large enough number that he can't put s
then what we've been hearing from republicans, particularly mitch mcconnell's office is we can't talk about whether we can pass anything until we actually see the legislation. so our understanding from these sources who are familiar with the call and familiar with the process is that the president will put the plan in legislate lative language. what is the plan? the president's tax plan he campaigned on for five years which is to let the tax plan expire for households making less than $250,000. he would add unemployment insurance. the thinking here is he would potentially also add extending the estate tax cut. the estate tax has been at a relatively low level. it expires also at the ipd of the year. but, you know, this is all you know, to'ing and fro'ing right now to see if it's possible to pass anything to keep most americans' taxes where they are before the end of the year when everybody's tax go up. >> we heard from senator reid earlier today. they were dealing, in his words, with a dictatorship. are we expected to hear from him or any of the players from the hill in terms of trying to m
-mart is going to sell but how mitch mcconnell and president are going to do in the future. so it's causing people to pull back from making investments and that is what powers the economy in the long run. >> arthel: here is a question. we all paid those higher taxes when president clinton was in office and everybody seemed to be doing well. so what is different now? the same people paying higher taxes then, why are they reluctant now. they feel the government doesn't know what to do with the money? >> we know what they do with the money, they waste a tremendous amount of it. to president clinton's credit those tax hikes came within the environment of deregulation, rules were cut back and we have the opposite going on right now. consumers elect to go spend but consumers are reluctant and producers are going up and regulatory costs makes it hard to make a buck in this type of environment. >> arthel: all right. happy new year. thank you so much. >> secretary of state hillary clinton is returning to the state department next week after three weeks off from a stomach virus and concussion that ke
pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be watching. >> everyone is kind of in a wait-and-see and fingers-crossed per expect tichb right now. >> since 1930 this is only the fifth time congress has worked after christmas. and today's summit is the first time president obama has met face to face with congressional leaders since mid-november. duarte, tick tock. >> thank you. >>> general schwarzkopf is being remembered this morning as a great hero and tactician. as teresa garcia the general died yesterday at his home in tampa from
've not heard a word from mcconnell. nothing is happening. >> the phone never rang. and so now here we are, five days from the new year. and we might finally start talking. >> reporter: senate majority leader harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's no. 1 goal is to get elected speaker on january 3. >> reporter: the two sides are at odds over tax cuts and spending. republicans say it's up to the democratically controlled senate and white house to reach an agreement. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: members of the house were told to come back to washington sunday evening. they would have a little more than 24 hours to vote on a measure to avoid the fiscal cliff. danielle nottingham, cbs news, washington. >>> teetering on the fiscal cliff is given wall street a case of vertigo. the markets plummeted early, but the dow regained most of its 150-point lost. >>>
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